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Gold rises as tensions mount between America and North Korea
Release Date: 2017/8/9
Gold prices rose in early trade on Wednesday as tension between the United States and North Korea escalated after Pyongyang responded to US President Donald Trump's warnings of a threat to bomb Guam.
By 0646 GMT, spot gold rose 0.4 percent to $ 1265.70 an ounce.
Gold futures in December delivery rose 0.7 percent to $ 1271.30 an ounce.
Pyongyang said on Tuesday it was considering plans to bomb Guam in the Pacific Ocean hours after Trump said North Korea would face "fire and anger" if the United States threatened its strongest warning to North Korea so far.
Gold fell on Tuesday after stronger-than-expected US jobs data weighed down the precious metal and led to its lowest since July 26 to $ 1251.01 an ounce.
Geopolitical risks boost demand for safe assets such as gold.
Among other precious metals, silver rose 0.6 percent to $ 16.52 an ounce.
Platinum rose 0.5 percent to $ 972 an ounce after hitting its highest level since April 21 in the previous session.
Palladium dropped 0.2 percent to $ 895.60 an ounce.
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Release Date: 2017/8/9
Gold prices rose in early trade on Wednesday as tension between the United States and North Korea escalated after Pyongyang responded to US President Donald Trump's warnings of a threat to bomb Guam.
By 0646 GMT, spot gold rose 0.4 percent to $ 1265.70 an ounce.
Gold futures in December delivery rose 0.7 percent to $ 1271.30 an ounce.
Pyongyang said on Tuesday it was considering plans to bomb Guam in the Pacific Ocean hours after Trump said North Korea would face "fire and anger" if the United States threatened its strongest warning to North Korea so far.
Gold fell on Tuesday after stronger-than-expected US jobs data weighed down the precious metal and led to its lowest since July 26 to $ 1251.01 an ounce.
Geopolitical risks boost demand for safe assets such as gold.
Among other precious metals, silver rose 0.6 percent to $ 16.52 an ounce.
Platinum rose 0.5 percent to $ 972 an ounce after hitting its highest level since April 21 in the previous session.
Palladium dropped 0.2 percent to $ 895.60 an ounce.
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